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Help Save &Exit Submit Buslness transactions completed by Hannah Venedict during the month of September are as follows Using the following transactions, record journal entries, create financial statements, and assess the impact of each transaction on the financial statements Sep. 1 Venedict invested $60,000cash along with office equipnent valued at $25,000 in exchange for conson stock of a new company naned HV Consulting Sep. 3 The company purchased land valoed at 840,000 and a bailding valued at 160,000. The purchase is paid vith $30,000 cash and a long-term note payable for $170,000 Sep- 5 The company purchased $2,000 of office sapplies on eredit Sep- 7 Venediet Invested her personal automobile in the company in exchange for more comson atock. The automobile has a value of $16,500 and is to be used exclusively in the basineas. Sep. 9 The company purchased $5,600 of additional office equipment on eredie. Sop. 11 The company paid $1,800 cash salary to an aanistant Sep. 13 The company provided services to a elient and collected $8,000 cash. Sep. 15 The company paid 5635 cash for this months utilieies ep. 17 The company paid $2,000 cash to settle the account payable created on September s. Sep. 19 The company purchased $20,300 of nev office equipment by paying $20,300 cash Sep. 21 The company conpleted 56,250 of services for a elient, who muat pay within 30 days. Sep. 23 The company paid $1,800 cash salary to an assistant. Sep. 25 The conpany received s4, 000 eash in partial payment on tha receivable ereated on Beptember a Sep. 27 The conpany paid $2,800 cash ins dividends Impact orn Ledger Trisl belance Statemen Retained ournal Every journal entr Consulting, entering the debits before Balance as soon as you click Record Entry y must keep the accounting equation in balance. Prepare the journal entries for each of the transactions of H the credits. Each transaction will automatically be posted to the General Ledger and the T Journal entry worksheet 14 くPrev 4015 İİİ Next>
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Journal Entries Trial Balance 2 DATE 3 Sept GENERAL JOURNAL DEBIT DATE GENERAL JOURNAL Sept CREDIT DEBIT CREDIT Accounts Title Debit Credit $12,665.00 2,000.00 2,250.00 $ 40,000.00 1,60,000.00 S 50,900.00 $16,500.00 Cash Office supplies Accounts Receivable Land Building Office Equipment Automobile Common Stock Note Payable Accounts Payable Service Revenue Salary Expense Utilities Expense Dividend 5 60,000.00 $ 25,000.00 2,000.00 3 1 Cash 17 Accounts Payable $ 2,000.00 Office equipment Common Stock $ 85,000.00 19 Office equipment 20,300.00 3 Land 40,000.00 1,60,000.00 Cash $ 20,300.00 Building Cash Note Payable $ 30,000.00 $1,70,000.00 21 Accounts Receivable S 6,250.00 1,01,500.00 5 1,70,000.00 5 5,600.00 S 14,250.00 5 Service Revenue 6,250.00 5 Office Supplies $ 2,000.00 23 Salaries Expense S 1,800.00 Accounts Payable $ 2,000.00 $ 1,800.00 3,600.00 635.00 7 Automobile S 16,500.00 S 4,000.00 Common Stock $ 16,500.00 Accounts Receivable S 4,000.00 Total $ 2,91,350.00 S 2,91,350.00 9 Office equipment $ 5,600.00 27 Dividend $ 2,800.00 Accounts Payable $5,600.00 Cash $ 2,800.00 11 Salaries Expense $ 1,800.00 Cash $1,800.00 13 Cash $ 8,000.00 Service Revenue $8,000.00 15 Utilities Expenses S 635.00 635.000 Income Statement Amount Amount Service Revenue 14,250.00 Salary Expense Utilities Expense $ 3,600.00 635.00 Total Expense 4,235.00 Net Income $ 10,015.00 Statement of retained Earnings Beginning Balance Add: Net Income Less: Dividend Ending Balance $ 10,015.00 $ 2,800.00 $ 7,215.00 Balance Sheet Debit Credit Cash Office supplies Accounts Receivable Land Building Office Equipment Automobile $ 12,665.00 2,000.00 $2,250.00 $ 40,000.00 $ 1,60,000.00 $ 50,900.00 $ 16,500.00 $ 2,84,315.00 S 1,01,500.00 S 7,215.00 $ 1,70,000.00 5,600.00 $ 2,84,315.00 Total Assets Common Stock Retained earning Note Pyable Accounts Payable Total Liabilities and Equities

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